2017 China CEO Outlook – Disrupt and Grow features China findings from a global KPMG CEO survey.
2017 China CEO Outlook features China findings from a global KPMG CEO survey.
Most China CEOs expect major disruption in their respective sectors over the next three years as a result of technological innovation, compared to less than half of their global peers.
3 in 4 China CEOs see technological disruption as more of an opportunity than a threat.
Most China CEOs say that their companies are actively disrupting their sectors, rather than waiting to be disrupted by competitors.
|1||Emerging technology risk||44%|
CEOs who expect the pace of globalisation – i.e. international flows of labour, ideas, capital and trade – to increase over the next three years.
|2017 Ranking||2016 Ranking|
|Domestic economic factors||4th||1st|
Note: This refers to the top 3 foreign countries China CEOs say they are prioritising among 10 'core countries'.
China CEOs welcome ‘technological disruption’, and embrace it as a means to innovate, transform and remain competitive in the market. At the same time, they are also aware of the risks and challenges brought by technological disruption.
‘Focusing on innovation’ was selected as a top growth initiative over the next three years by most China CEOs, and their investment plans are consistent with this.
China CEOs are also more upbeat about the pace of globalisation than most of their global peers, and despite increased concerns about the effect of the geopolitical environment on their company’s growth prospects, their appetite for investing overseas remains.